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IEA: global oil demand to decline in 2020 as coronavirus weighs on markets

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Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. million barrels a day in 2020, down around 90,000 barrels a day from 2019.

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BNEF projects impact of COVID-19 on renewables, energy storage, EVs, etc.

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BloombergNEF has issued a research note highlighting some of the likely effects of the coronavirus COVID-19 outbreak over the next year on the transition to a clean economy: including renewable power, energy storage, electric vehicles, heating, cooling and the circular economy. Chart: BloombergNEF.

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Neste selects Rotterdam as a location for its possible next world-scale renewable products refinery

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Neste announced in March 2020 an intention to increase its renewable products production capacity in Europe according to the company strategy. The key aspects contributing to the overall cost difference are logistics costs, site-specific construction costs and availability of low-carbon hydrogen supply.

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CARB publishes 2020 CI values for electricity as transportation fuel: average 82.92 gCO2e/MJ, up from 2019

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The California Air Resources Board (CARB) Executive Officer has certified the 2020 annual update to the carbon intensities (CI) of the lookup table pathways for a) California Average Grid Electricity Used as a Transportation Fuel in California and b) Electricity Supplied under the Smart Charging or Smart Electrolysis Provision.

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Hyundai Motor to expand XCIENT fuel cell truck entry into US market

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Hyundai Motor Company plans to ramp up the US commercial vehicle market entry with XCIENT Fuel Cell trucks. We believe that there is no way around hydrogen to realize the energy transition towards renewables. Climate change and on-going supply chain issues will accelerate the transition to clean energy sources.

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Neste, NuStar expand renewable fuel hub in Northern California

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announced that supply trucks are now able to load Neste MY Sustainable Aviation Fuel at the NuStar-operated Selby Terminal near San Francisco, California. Neste has supplied approximately 220 million gallons of Neste MY Renewable Diesel into California through the NuStar Selby Terminal over the last decade. million trees.

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Nornickel presents market review of nickel and platinum group metals

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Russia-based Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, presented its eleventh review of the nickel and platinum group metals (PGM) markets based on the fundamental analysis of world economic and industry data. Mt to 3.22 Mt (7% year-on-year growth).

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